Puravankara Limited reported total revenue of Rs 663 crore, a 28% increase year-on-year for the quarter ended September 30, 2025. The company recorded sales of Rs 1,322 crore in Q2FY26, up 4% from the previous year, on a sales volume of 1.5 million sq. ft.

Average realisation rose 7% to Rs 8,814 per sq. ft., while customer collections increased 8% to Rs 1,047 crore. The quarter closed with a net loss of Rs 42 crore.

Ashish Puravankara, Managing Director, Puravankara Limited, said, “In Q2FY26, we sustained strong growth momentum driven entirely by sustenance sales, achieving pre-sales of Rs 1,322 crores and collections of Rs 1,047 crores, both increasing year on year. In the first half of the year, we strengthened our development pipeline by adding over 6.36 million sq. ft. of potential developable area with an estimated GDV of Rs 9,100 crore. This includes two marquee redevelopment projects in Mumbai at Chembur and Malabar Hill, and strategic partnerships in North and East Bengaluru, reflecting our focus on expanding in high-demand micro-markets through disciplined capital allocation.

“With regulatory clarity now in place following the recent bye-law revisions, we are poised to accelerate our launch pipeline of 12.67 million sq. ft over the next 3 quarters, including a landmark project in Bengaluru spanning 3.48 million sq. ft at KIADB Hardware Park and a redevelopment project in Andheri Lokhandwala, both scheduled for launch in January 2026. Most of our upcoming projects are in the final stages of approval, positioning us well to deliver on our growth plans. While handovers and sales in the first half were marginally impacted by regulatory transitions such as e-Khata implementation and bye-law changes, we remain confident of achieving our targeted handovers in the next two quarters through focused execution and strong operational preparedness,” he said.

During Q2FY26, Puravankara sold 1.5 million sq. ft. with total sales value of Rs 1,322 crore and realised Rs 8,814 per sq. ft. Collections stood at Rs 1,047 crore. In H1FY26, the company sold 2.75 million sq. ft. worth Rs 2,445 crore with average realisation of Rs 8,891 per sq. ft. and collections of Rs 1,904 crore.

For the first half of FY26, Puravankara reported consolidated revenue of Rs 1,201 crore and a net loss of Rs 111 crore. During the quarter, the company handed over 663 units covering 0.67 million sq. ft., while in H1FY26, handovers totalled 1,330 units across 1.36 million sq. ft.As of September 30, 2025, the company estimated total surplus from completed and ongoing projects at Rs 7,679 crore, from commercial projects at Rs 2,008 crore, and from pipeline projects at Rs 5,881 crore. The combined estimated surplus stood at Rs 15,568 crore, against which the net debt was Rs 2,894 crore, giving a cover of over 5x. The weighted average cost of debt reduced to 11.32%, with a net debt-to-equity ratio of 1.77.In H1FY26, the company added 6.36 million sq. ft. of new developments with a potential GDV exceeding Rs 9,100 crore. Key additions included a 24.59-acre site at KIADB Hardware Park, North Bengaluru, with 3.48 million sq. ft. of developable area (GDV over Rs 3,300 crore); a joint development in Balegere, East Bengaluru, with 0.85 million sq. ft. (GDV over Rs 1,000 crore); and two redevelopment projects in Mumbai—Chembur (1.28 million sq. ft., GDV Rs 2,100 crore) and Malabar Hill (0.75 million sq. ft., GDV Rs 2,700 crore).

India’s macroeconomic environment remains supportive, with GDP growth of 7.8% in Q1FY26 and the IMF projecting 6.4% for the full year. The RBI’s 100 basis point rate cut to 5.5% and capital inflows of USD 1.5 billion in Q2 reflect investor confidence. Real estate demand continues across key segments, led by offices and data centres, while residential sales and prices have grown 5–10% in major metros such as NCR, Bengaluru, and Chennai.

Puravankara said it is positioned to leverage the sector’s growth momentum through new launches and disciplined project execution.

The company has completed 93 projects covering about 55 million sq. ft. across nine cities including Bengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune, and Goa. Its current land bank is about 32 million sq. ft., with 34 million sq. ft. of ongoing projects.

Shares of Adani Energy Solutions will be in focus on Tuesday, October 28, after the company reported a 21% year-on-year decline in consolidated net profit for the quarter ended September 2025 (Q2FY26). The net profit stood at Rs 534 crore, compared to Rs 675 crore in the same quarter last year.

Despite the fall in profit, revenue from operations saw a 7% year-on-year increase to Rs 6,596 crore. However, on a sequential basis, revenue fell 3%, with the company’s transmission and distribution businesses accounting for the bulk of the turnover.

Segment-wise, the September quarter revenue comprised Rs 2,372 crore from transmission, Rs 3,118 crore from distribution, and Rs 182 crore from the smart metering business.

The company noted a rise in expenses during the quarter, with total expenditure increasing to Rs 5,688 crore, compared to Rs 5,694 crore in the corresponding period a year ago.

Operating profit before exceptional items, tax, and deferred assets came in at Rs 746 crore, improving from Rs 658 crore in the previous quarter and Rs 594 crore in the same period last year.

According to the company, the increase in Q2 revenue was largely due to a full contribution from transmission assets and growing energy demand in distribution circles, along with contributions from the smart metering business.The company has been actively expanding its presence across smart metering, cross-country transmission, and distribution assets. Capital expenditure for the first half of FY26 rose by 1.36 times to Rs 5,976 crore, compared to Rs 4,400 crore in the year-ago period.During this time, Adani Energy Solutions commissioned three transmission projects: Khavda Phase II Part-A, Khavda Pooling Station – 1 (KPS-1), and the Sangod transmission project.

On Monday, the shares of Adani Energy closed flat at Rs 946 on the BSE.

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Shares of Nykaa (FSN E-Commerce Ventures Ltd) rose for the second consecutive session on Tuesday, gaining 8.8% over two days to touch a new 52-week high of Rs 239.85 on the BSE. The stock advanced after the company released its Q2 FY2026 business update, indicating continued momentum across both its beauty and fashion verticals.

In its quarterly update, Nykaa said that its consolidated gross merchandise value (GMV) growth is expected to be close to the thirties in Q2 FY2026, compared with growth in the mid-twenties seen over the last few quarters.

The company attributed the performance to renewed growth in the fashion segment and sustained strength in the beauty vertical.

Nykaa’s beauty vertical is expected to deliver net sales value (NSV) and net revenue growth in the mid-twenties, marking more than ten consecutive quarters of sustained growth. The company said that the continued momentum was supported by strong performance from both acquired and homegrown brands, including Dot & Key, Kay Beauty, and Nykaa Cosmetics.

In the fashion vertical, Nykaa expects NSV growth in the higher mid-twenties, supported by strong traction in its core platform business. The company said this was led by an expanding brand assortment and improved customer acquisition. The net revenue growth for the fashion segment is expected to improve to the low twenties, from the low to mid-teens recorded in recent quarters.

Nykaa also noted that net revenue growth was slightly lower than NSV growth due to a lag in advertising and marketing income.For the consolidated business, Nykaa said it has delivered another quarter of healthy performance, with consolidated net revenue growth expected to be in the mid-twenties during Q2 FY2026. The company said that an early start to the festive season contributed to the quarterly performance.Nykaa also referred to the recent GST reforms announced by the Government, stating that they were a welcome move toward stimulating demand. The company noted that these measures are expected to support higher disposable income levels and contribute to long-term growth across several consumer and discretionary categories.

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